Useful Tips: Learn to Plan and Plan to Learn We’ve all heard the saying, “If you fail to plan, you fail to plan.” But how many of us really take it seriously? Do we even understand what planning is, why we should do it and what the value would be? In my experience, until we […]
Costly Mistakes that a New Franchisee Makes Wise people learn from their mistakes. Exceptionally wise people learn from other people’s mistakes. And these mistakes can appear on paper in the form of dollars. Your franchise will definitely come with manuals and training programs. However, as a newb…
SWOT: Identify Opportunities and Defend Against Threats A couple of clients this month have been talking to me about how to complete a SWOT analysis (strength, weakness, opportunity, threat). On both occasions I had to tell them that, in my view the biggest problem with this analysis was the acrony…
Stop Competing on Price The most common complaint I hear when talking to owners of small to medium sized businesses is that, “we can’t compete with the big guys on price.” The perception in the market place is that people are shopping on price alone. The only reason your customer asks the pric…